Common use of Loan Release Clause in Contracts

Loan Release. Upon compliance by the BORROWER and ORIGINATING INSTITUTION with all the herein conditions, as well as, with the rules and guidelines of the NHMFC’s HLRPP, the proceeds of the loan subject of the Purchase of Loan Agreement (PLA) shall be released to the ORIGINATING INSTITUTION.

Appears in 4 contracts

Samples: Loan and Mortgage Agreement, Loan and Mortgage Agreement, Loan and Mortgage Agreement

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Loan Release. Upon compliance by the BORROWER and ORIGINATING INSTITUTION with all the herein conditions, as well as, with the rules and guidelines of the NHMFC’s HLRPPXXXXX Program, the proceeds of the loan subject of the Purchase of Loan Agreement (PLA) shall be released to the ORIGINATING INSTITUTION.

Appears in 1 contract

Samples: Loan and Mortgage Agreement

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